News

HMRC given an extra £5.3 million to enforce minimum wage compliance - August 1, 2017
News Article

According to the Government’s latest Labour Market Enforcement Strategy report HM Revenue & Customs (HMRC) is to receive an additional £5.3 million of funding in 2017/18 to ensure businesses are paying employees the national minimum…Read more

Credit and debit card charges to be banned as cashless economy grows - August 1, 2017
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From January next year businesses across the UK need to ensure that consumers are no longer being charged extra for paying by debit or credit card, according to new legislation from the Government. It is…Read more

Two fifths of SMEs say investment plans have been negatively affected by Brexit - August 1, 2017
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A new survey from the Confederation of British Industry (CBI) has revealed that more than 40 per cent of UK businesses believe that Brexit has hurt their investment plans. The Confederation’s latest Investment Survey clearly…Read more

Taylor report recommends review of cash-in-hand - August 1, 2017
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Cash-in-hand payments should be replaced with technology driven alternatives in hopes of collecting up to £6 billion more in tax – this is the conclusion of a Government-commissioned review conducted by Matthew Taylor, head of the…Read more

Making Tax Digital delayed by at least a year for the majority of businesses - August 1, 2017
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The Government has announced that it plans to delay the full implementation of digital taxation until 2020. Making Tax Digital (MTD), the details of which will be included in the upcoming Finance Bill for 2017,…Read more

Landlords – unpaid tax should be declared sooner rather than later - August 1, 2017
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Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who fail to properly report their taxes. A number of reports have emerged recently which suggest that…Read more

Scammers take advantage of businesses ignorance on EU VAT rules - August 1, 2017
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Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers online, when it is not necessary. Typically businesses are told that as part of changes to…Read more

I’m a non-resident landlord. Do I have to file a tax return in the UK? - July 4, 2017
News Article

If you have lived abroad for six or months or more in a year, you are classed as a “non-resident landlord”, and the income you receive from renting out your home whilst abroad is taxable…Read more

Persons of Significant Control – changes to Companies House Reporting - July 4, 2017
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Last year saw a raft of changes come into effect at Companies House. Amongst the measures introduced was the requirement for companies to maintain a register of Persons of Significant Control (PSCs). New rules, which…Read more

Five ways to get more enjoyment from your money - July 4, 2017
News Article

While most of us invest a lot of time and thought about how to improve our finances, we do not tend to spend quite as much time looking at how our finances can improve our…Read more